Singular Health Stock Forecast - Naive Prediction
| SHG Stock | 0.25 0.01 3.85% |
The Naive Prediction forecasted value of Singular Health Group on the next trading day is expected to be 0.23 with a mean absolute deviation of 0.01 and the sum of the absolute errors of 0.39. Singular Stock Forecast is based on your current time horizon.
At this time the rsi of Singular Health's share price is below 20 . This usually implies that the stock is significantly oversold. The fundamental principle of the Relative Strength Index (RSI) is to quantify the velocity at which market participants are driving the price of a financial instrument upwards or downwards. Momentum 0
Sell Peaked
Oversold | Overbought |
Quarterly Revenue Growth (0.40) |
Using Singular Health hype-based prediction, you can estimate the value of Singular Health Group from the perspective of Singular Health response to recently generated media hype and the effects of current headlines on its competitors.
The Naive Prediction forecasted value of Singular Health Group on the next trading day is expected to be 0.23 with a mean absolute deviation of 0.01 and the sum of the absolute errors of 0.39. Singular Health after-hype prediction price | AUD 0.25 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
Singular |
Singular Health Additional Predictive Modules
Most predictive techniques to examine Singular price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Singular using various technical indicators. When you analyze Singular charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
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| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
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| Volatility Indicators | ||
| Volume Indicators |
Singular Health Naive Prediction Price Forecast For the 24th of January
Given 90 days horizon, the Naive Prediction forecasted value of Singular Health Group on the next trading day is expected to be 0.23 with a mean absolute deviation of 0.01, mean absolute percentage error of 0.000056, and the sum of the absolute errors of 0.39.Please note that although there have been many attempts to predict Singular Stock prices using its time series forecasting, we generally do not recommend using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that Singular Health's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Singular Health Stock Forecast Pattern
| Backtest Singular Health | Singular Health Price Prediction | Buy or Sell Advice |
Singular Health Forecasted Value
In the context of forecasting Singular Health's Stock value on the next trading day, we examine the predictive performance of the model to find good statistically significant boundaries of downside and upside scenarios. Singular Health's downside and upside margins for the forecasting period are 0 and 4.18, respectively. We have considered Singular Health's daily market price to evaluate the above model's predictive performance. Remember, however, there is no scientific proof or empirical evidence that traditional linear or nonlinear forecasting models outperform artificial intelligence and frequency domain models to provide accurate forecasts consistently.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Naive Prediction forecasting method's relative quality and the estimations of the prediction error of Singular Health stock data series using in forecasting. Note that when a statistical model is used to represent Singular Health stock, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality.| AIC | Akaike Information Criteria | 110.1631 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.0062 |
| MAPE | Mean absolute percentage error | 0.0233 |
| SAE | Sum of the absolute errors | 0.3855 |
Predictive Modules for Singular Health
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Singular Health Group. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Singular Health After-Hype Price Prediction Density Analysis
As far as predicting the price of Singular Health at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in Singular Health or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Stock prices, such as prices of Singular Health, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Singular Health Estimiated After-Hype Price Volatility
In the context of predicting Singular Health's stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Singular Health's historical news coverage. Singular Health's after-hype downside and upside margins for the prediction period are 0.01 and 4.19, respectively. We have considered Singular Health's daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models outperform traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
Singular Health is out of control at this time. Analysis and calculation of next after-hype price of Singular Health Group is based on 3 months time horizon.
Singular Health Stock Price Prediction Analysis
Have you ever been surprised when a price of a Company such as Singular Health is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Singular Health backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Stock price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with Singular Health, there might be something going there, and it might present an excellent short sale opportunity.
| Expected Return | Period Volatility | Hype Elasticity | Related Elasticity | News Density | Related Density | Expected Hype |
0.05 | 3.94 | 0.00 | 1.57 | 6 Events / Month | 1 Events / Month | In about 6 days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | ||
0.25 | 0.25 | 0.00 |
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Singular Health Hype Timeline
Singular Health Group is at this time traded for 0.25on Australian Securities Exchange of Australia. The entity stock is not elastic to its hype. The average elasticity to hype of competition is -1.57. Singular is forecasted not to react to the next headline, with the price staying at about the same level, and average media hype impact volatility is insignificant. The immediate return on the next news is forecasted to be very small, whereas the daily expected return is at this time at -0.05%. %. The volatility of related hype on Singular Health is about 12.54%, with the expected price after the next announcement by competition of -1.32. About 32.0% of the company outstanding shares are owned by corporate insiders. The company recorded a loss per share of 0.03. Singular Health Group had not issued any dividends in recent years. Assuming the 90 days trading horizon the next forecasted press release will be in about 6 days. Check out Historical Fundamental Analysis of Singular Health to cross-verify your projections.Singular Health Related Hype Analysis
Having access to credible news sources related to Singular Health's direct competition is more important than ever and may enhance your ability to predict Singular Health's future price movements. Getting to know how Singular Health's peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how Singular Health may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| ATM | Aneka Tambang TBK | (0.01) | 6 per month | 2.31 | (0.03) | 4.60 | (5.41) | 14.69 | |
| BHP | BHP Group | 0.11 | 8 per month | 1.32 | 0.05 | 2.29 | (2.54) | 6.48 | |
| RIO | RIO Tinto | (0.04) | 8 per month | 1.67 | 0.08 | 2.30 | (2.59) | 10.19 | |
| CBAPI | Commonwealth Bank of | 0.00 | 0 per month | 0.18 | (0.35) | 0.41 | (0.44) | 1.22 | |
| CBAPJ | Commonwealth Bank of | (100.74) | 3 per month | 0.09 | (0.51) | 0.36 | (0.27) | 1.08 | |
| CBAPG | Commonwealth Bank of | 0.00 | 0 per month | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| CBAPH | Commonwealth Bank of | 0.00 | 0 per month | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| CBA | Commonwealth Bank of | (150.62) | 7 per month | 0.00 | (0.21) | 2.11 | (2.17) | 8.86 |
Other Forecasting Options for Singular Health
For every potential investor in Singular, whether a beginner or expert, Singular Health's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Singular Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Singular. Basic forecasting techniques help filter out the noise by identifying Singular Health's price trends.Singular Health Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Singular Health stock to make a market-neutral strategy. Peer analysis of Singular Health could also be used in its relative valuation, which is a method of valuing Singular Health by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Singular Health Market Strength Events
Market strength indicators help investors to evaluate how Singular Health stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Singular Health shares will generate the highest return on investment. By undertsting and applying Singular Health stock market strength indicators, traders can identify Singular Health Group entry and exit signals to maximize returns.
| Accumulation Distribution | 23050.65 | |||
| Daily Balance Of Power | (1.00) | |||
| Rate Of Daily Change | 0.96 | |||
| Day Median Price | 0.26 | |||
| Day Typical Price | 0.25 | |||
| Price Action Indicator | (0.01) | |||
| Period Momentum Indicator | (0.01) |
Singular Health Risk Indicators
The analysis of Singular Health's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Singular Health's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting singular stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 3.11 | |||
| Standard Deviation | 4.05 | |||
| Variance | 16.42 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Story Coverage note for Singular Health
The number of cover stories for Singular Health depends on current market conditions and Singular Health's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Singular Health is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about Singular Health's long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
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Singular Health Short Properties
Singular Health's future price predictability will typically decrease when Singular Health's long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of Singular Health Group often depends not only on the future outlook of the potential Singular Health's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Singular Health's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 237 M | |
| Cash And Short Term Investments | 13.7 M |
Additional Tools for Singular Stock Analysis
When running Singular Health's price analysis, check to measure Singular Health's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Singular Health is operating at the current time. Most of Singular Health's value examination focuses on studying past and present price action to predict the probability of Singular Health's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Singular Health's price. Additionally, you may evaluate how the addition of Singular Health to your portfolios can decrease your overall portfolio volatility.